LG Energy’s Q1 profit soars on gains from US battery tax credits

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...

Hanwha Solutions signs MOU with 7 companies for bio PVC biz

Hanwha Solutions Corp., a South Korean petrochemical company, is partnering with domestic polyvinyl chloride (PVC) companies to promote the commerci...

LG Energy to secure lithium hydroxide in Morocco

South Korean battery maker LG Energy Solution Ltd. will secure a key battery material in Morocco to strengthen its battery supply chain. LG Energy ...

S.Korea to focus on secondary batteries, lunar landing vehicles

The Korean government has decided to develop electric vehicle batteries that can travel more than 600 km on a single charge and lunar landing vehicl...

LS Electric wins order $94 mn for energy storage system in UK

LS Electric Co. announced on Tuesday that it has secured a contract for a £73.6 million ($93.5 million) energy storage system (ESS) project in...

Hanwha's takeover of DSME likely to get conditional approval

South Korea's Fair Trade Commission (FTC) on Monday said it is discussing corrective measures with Hanwha Group over fears that the conglomerate's a...

LG Energy tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. in January and February maintained its No. 1 position on the global market for electric vehicle (EV) batteries...

Energy storage devices firm LS Materials launches IPO process

South Korea’s energy storage devices maker LS Materials Co. began the process for an initial public offering later this year as it aims to dev...

POSCO pursues future energy cooperation with Malaysia's Petronas

South Korea’s POSCO Group on Sunday said its Chairman Choi Jeong-woo and Petronas Group of Malaysia CEO Tengku Muhammad Taufik in Kuala Lumpur...

KB Securities signs MOU with Korea East-West Power, Hikive

KB Securities Co. announced on Thursday that it had entered into a business agreement with Korea East-West Power Co. and Hikive to collaborate on a ...

Hanwha Vision participates in Asia's largest integrated security expo

Hanwha Vision (formerly known as Hanwha Techwin) announced on Thursday its participation in SECON 2023, the largest integrated security exhibition i...

Hanwha Life acquires Indonesia's Lippo General Insurance

South Korea's Hanwha Life Insurance said on Thursday that it has acquired a 62.6% stake in Indonesian insurer Lippo General Insurance, in collaborat...

Hyundai Glovis, GS Energy jointly pursue clean hydrogen biz

South Korea's logistics company Hyundai Glovis Co. on Monday said it signed a memorandum of understanding on the clean hydrogen and ammonia business...

SK Energy wins first place in K-BPI gas station sector in Korea

SK Energy, an energy and petrochemical unit of South Korea's SK Group, has won first place for 17 consecutive years in the gas station sector of the...

LG Energy to build $5.6 billion battery complex in Arizona

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday it is investing 7.2 trillion won ($5.6 billion) to build a b...

Hanwha to build solar cell components plant in Georgia

South Korea’s Hanwha Advanced Materials Corp. will spend $147 million to build a solar panel components plant in the US state of Georgia, acco...

HD Hyundai, Korea Univ. open internship to develop future talent

South Korea's HD Hyundai Co. and Korea University will jointly develop next-generation personnel to lead core business lines of the future.Chung Ki-...

Hanwha gets nod on DSME deal from most countries, but not Korea

South Korea’s leading defense maker Hanwha Group has obtained approval for its acquisition of Daewoo Shipbuilding & Marine Engineering Co....

SK Innovation invests an extra $50 million in US clean energy firm Amogy

South Korea’s SK Innovation Co. has newly invested $50 million in Amogy Inc., a US ammonia-based power system developer, to expand its green b...

Doosan Fuel Cell teams up with Kolon Global for hydrogen fuel cell

South Korean fuel cell manufacturer Doosan Fuel Cell, and Kolon Global Corp., a South Korean company that specializes in the production of industria...

Hanwha Solutions secures 9.7% stake in US battery materials company

Hanwha Solutions Corp., a South Korean company focused on energy services, petrochemicals and real estate development, recently acquired a 9.73% sta...

Hyundai Motor, Kia to research EV energy with three universities

Hyundai Motor Co. and Kia Corp. will form a research ecosystem for sustainable electric vehicle (EV) energy with Seoul National University, Chung-An...

Korea EV cell makers unveil new products to expand market

South Korea’s electric vehicle battery makers on Wednesday unveiled prototypes of new products, especially lithium iron phosphate (LFP) models...

S.Korea's SK Ecoengineering launches cogeneration platform

SK Ecoengineering Co., a South Korean engineering company specializing in environmental and energy projects, said on Thursday that it has launched a...

Kolon Industries showcases hydrogen fuel cell materials at Tokyo Expo

Kolon Industries Inc., a Korean manufacturer of chemical and textile products, said on Wednesday that it was exhibiting its hydrogen fuel cell parts...

SGC Energy pursues transformation of biomass power plants in Vietnam

South Korea's SGC Energy Co. is pursuing a project to convert coal power plants abroad into those using biomass.The power supplier, which has secure...

LS Electric unveils innovative solutions at Korea, Japan energy exhibitions

LS Electric Co., Ltd., an industrial electric solutions company from South Korea, is set to showcase innovative solutions at smart energy exhibition...

Hanwha Energy sells Spanish solar plant project to Irish firm

South Korean energy company Hanwha Energy Corp. said on Wednesday that it had sold a solar power plant project in Spain to Amarenco Solar, an Irish ...

LG Energy, SK On to showcase LFP battery prototypes at InterBattery 2023

LG Energy Solution Ltd. and SK On Co. will showcase their lithium iron phosphate (LFP) battery prototypes next week, as the two South Korean battery...

Hanwha hires former Biden confidant as US government affairs chief

WASHINGTON D.C. – South Korea’s chemicals-to-defense conglomerate Hanwha Group has hired Danny O’Brien, a top aide to US President...